Western Mining Group Co., Ltd. invites you to join the CCIE 2025 SMM (20th) Copper Industry Conference.

In the upcoming year of 2025, we anticipate that the global economy will face a series of complex and volatile challenges. With the conclusion of the US presidential election, the uncertainty surrounding global trade policies is expected to further increase, presenting new issues for international trade cooperation. In the realm of geopolitics, ongoing conflicts and tensions show no significant signs of easing, posing threats not only to global security but also significantly impacting resource allocation and industrial layout. Against this macro backdrop, industrial relocation and supply chain restructuring have become critical topics that we must closely monitor. At the industrial level, the trend of protectionism in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. With the rapid expansion of global smelting capacity, the profit margins of copper smelters are further compressed, and the challenges faced by the industry are becoming increasingly severe. In the field of secondary copper raw materials, the advancement of Environmental, Social, and Governance (ESG) standards and the "Dual Carbon" goals have significantly increased market attention on secondary copper. However, the "Reverse Invoice" policy implemented in 2024 and the "Fair Competition Regulations" have had a profound impact on the secondary copper industry. Looking ahead to 2025, the changes in the landscape of the secondary copper industry will have a critical impact on the entire copper industry chain. Additionally, with the cancellation of tax subsidies and other incentive measures, the space for copper cathode trade is expected to further narrow. We anticipate that the procurement ratio of copper processing materials between traders and smelters will show a more pronounced differentiation. In this context, the "CCIE 2025 SMM (20th) Copper Industry Conference and Copper Industry Expo," meticulously prepared by SMM, will be grandly held in Nanchang, Jiangxi, from April 22 to 25, 2025. Western Mining Co., Ltd. will attend this conference in full force. We will keep pace with the times, aim for our goals, strive diligently, and move forward with courage and determination! Click the registration form to sign up immediately, and we look forward to meeting you at the conference. Western Mining Co., Ltd. was established in 2000, with its headquarters located in Xining, Qinghai Province. It was transformed from the Xitieshan Mining Bureau of the China Nonferrous Metals Industry Corporation. In 2007, its subsidiary, Western Mining Co., Ltd., was listed on the Shanghai Stock Exchange. After years of development, the company has expanded from a single lead-zinc resource development enterprise to a large enterprise group integrating six major industries: mining and smelting, salt lake chemical industry, cultural tourism, construction and real estate, financial trade, and technology information. It has over 40 subsidiaries in 11 provinces and municipalities across the country. The company is developing and operating ten large mines, including the Yulong Copper Mine in Tibet and the Xitieshan Lead-Zinc Mine in Qinghai. It employs the world's most advanced smelting process technologies, forming a smelting system with capacities of 300,000 mt of copper, 200,000 mt of lead, and 150,000 mt of zinc. The 100,000 mt anhydrous hydrogen fluoride project fills the gap in the refrigerant industry in the Qinghai-Tibet region. The company has built the first green and environmentally friendly vanadium extraction line from stone coal in China and possesses mature international advanced technologies in magnesium resource development. It currently has a production capacity of 150,000 mt of magnesium hydroxide and its series products, focusing on building a 1 million mt edible salt production base. "Chaka Salt" has been deployed in the national market and is moving towards the global market. The company actively develops the tourism industry, successfully creating the internationally renowned tourism brand "Chaka Salt Lake—Mirror of the Sky" and constructing and operating the Yiwu Poplar Scenic Area in Xinjiang. The Beijing Qinghai Financial Building, Sanya Qinghai Building, and Yulong Hotel in Tibet have become new business cards and windows for Qinghai to showcase its image to the outside world. The company has introduced green building industrialization technology, building the largest steel structure prefabricated green building base in Qinghai Province. Additionally, it owns specialized service companies in finance, technology research, information technology, design consulting, tender and bid, and property management, constructing a diversified industrial landscape. Development History In 1725, during the third year of the Yongzheng reign of the Qing Dynasty (1725 AD), military convicts, while reclaiming wasteland, were attracted by the name "Hala Mountain" and came to Xitieshan, engaging in open-pit mining using traditional methods. In 1861, during the eleventh year of the Xianfeng reign (1861 AD), a lead bureau was established here, and its lead mine ranked first among the lead bureaus at that time. In 1957, the Xitieshan Mine was established. In April 1978, the construction of the Xitieshan Mine was listed as a key project in the national "Sixth Five-Year Plan." In 1982, the people of Xitieshan built a large mine with an annual ore processing capacity of 1 million mt in just five years and eight months. In August, it was officially decided to upgrade the "Qinghai Xitieshan Lead-Zinc Mine Preparation Office" to a prefecture-level enterprise, named the Xitieshan Mining Bureau. On May 18, 2000, the Xitieshan Mining Bureau was officially restructured into "Western Mining Co., Ltd." On July 18, 2006, Western Mining Co., Ltd. was renamed "Western Mining Group Co., Ltd.," with a registered capital of 1.6 billion yuan. On July 12, 2007, Western Mining Co., Ltd. was successfully listed on the Shanghai Stock Exchange. In 2011, Western Mining Group Co., Ltd. continued to reform and extend its industries, gradually transforming into a group company. Based on the development of non-ferrous metal resources, it expanded into salt lake resource development, real estate development, financial information, and other fields, establishing the first finance company in Qinghai Province, elevating the group's financial management and capital operations to a new level. In April and July 2015, the new leadership team of the company took office. In less than a year, Western Mining Group Co., Ltd. achieved a major turnaround, reversing the difficult situation and turning losses into profits, with the enterprise showing an upward development trend. Since the "13th Five-Year Plan," Western Mining Group Co., Ltd. has unswervingly implemented the new development concepts, established the development strategy of "strengthening the mining main business, refining the smelting industry, optimizing salt lake resources, and solidifying new industries." The company is striding forward towards a modern enterprise with industrial synergy, a sound system, and distinctive features. In 2023, the company drew strength from General Secretary Xi Jinping's important speeches and thematic education. The company's operating profit exceeded 5 billion yuan for the first time, and multiple operating indicators refreshed the best historical levels. The company's image is getting better, and the high-quality development of the company has entered an irreversible historical process. In the future, aiming to build a "provincial leader, domestic first-class, internationally renowned" enterprise group, focusing on the development of "mining, salt lake, and ecological" resources, the company will accelerate the construction of a domestic first-class modern enterprise and promote the green and high-quality development of the enterprise. By the end of the "14th Five-Year Plan," the company's operating income is expected to exceed 70 billion yuan, annual operating profit to exceed 3 billion yuan, and total assets to exceed 100 billion yuan, pushing Western Mining Group to the regional international first-class level in the industry, becoming a large enterprise group with significant domestic influence and a model of high-quality development. Corporate Culture Corporate Mission: Mining for the Nation, Revitalizing the National Economy Core Values: Wisdom Creates Value, Responsibility Achieves the Future Corporate Purpose: Belief, Persistence, Adherence Corporate Spirit: Faith, Endurance, Rigor, Innovation Corporate Ethos: Speak the Truth, Do Practical Work, Achieve Real Results Corporate Vision: To Become a Company Satisfied by Shareholders, Happy Employees, Respected by Society, and with Significant Domestic Influence Goal: To Build a Provincial Leader, Domestic First-Class, Internationally Renowned Enterprise Group Contact Information Wang Qing 18697183320 SMM Conference Contact Ren Jie 18655033505 renjie@smm.cn